Ethereum (ETH) Below EMA10 Weekly, Lower Prices Coming...

Just like Bitcoin, Ethereum (ETHUSD) will also resume growing but only after seeing lower prices.

It is normal to have a correction after such strong bullish action.

Here we can see that ETHUSD is already trading below EMA10 weekly, sending out a strong bearish signal.

(Note: Candle closure later today is needed for confirmation of this signal. ETHUSD most close below $1361 to confirm the bearish potential).

After we test EMA21 at $1050, we can see a bounce before lower prices.

The RSI has been trending lower strong and this week we have a full bearish candle.

We also have a volume breakout favoring the bears.

Visit my profile for the Bitcoin (BTCUSD) daily analysis as well.

Thanks a lot for your continued support.


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